Frontline Season 15 Episode 17 Easy Money

In season 15 episode 17 of Frontline titled "Easy Money," the documentary explores the rise of payday lending and its impact on individuals and communities across the United States. The episode delves into the business practices of companies such as Advance America, Cash America, and others, who offer short-term loans at extremely high interest rates.

Through interviews with former payday loan employees and customers, the documentary sheds light on the predatory nature of these loans and how they trap borrowers in cycles of debt. Many of the customers who take out payday loans are low-income individuals who are unable to secure traditional loans from banks. The documentary shows how payday lenders take advantage of this lack of access to credit by offering quick cash, but with interest rates that often exceed 400%.

The episode dives into the industry's lobbying efforts to block regulations that would protect consumers from these loans. It also examines the role of Wall Street investors in financing payday lending companies and profiting off the debt of vulnerable Americans.

"Easy Money" also explores alternatives to payday loans, such as community-based loan programs and credit unions. These programs offer low-interest loans and financial education to help individuals break the cycle of debt. The documentary also highlights policies that have been put in place in states such as Colorado, which have successfully curbed the reach of payday lenders.

Overall, "Easy Money" paints a powerful picture of the toll that payday lending takes on communities, and the need for consumer protections and equitable access to credit. The episode provides a thought-provoking look at the intersection of finance, policy, and people's lives.